Sunday, November 04, 2012

Apple paid only 2% corporation tax outside US...

Apple paid less than 2% corporation tax on its profits outside the US, its filing with US regulators has shown.

The company paid $713m (£445m) in the year to 29 September on foreign pre-tax profits of $36.8bn, a rate of 1.9%.

It is the latest company to be identified as paying low rates of overseas tax, following Starbucks, Facebook and Google in recent weeks.

It has not been suggested that any of their tax avoidance schemes are illegal.

All of the companies pay considerable amounts of other taxes in the UK, such as National Insurance, and raise large sums of VAT. Full story...

Related posts:
  1. How Apple avoids paying billions in taxes...
  2. I love Apple but I won't tolerate it's tax cheating...
  3. Microsoft, HP avoided paying billions in taxes...
  4. Google pays just £6m UK tax on revenue of £3.95bn...
  5. Anger grows over IMF chief Lagarde's tax-free salary.

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